do a society registered under societies registration act 1860 is taxable in eye of income tax act as an association of person or in some other manner section. Is there any exemption or deduction available to them bcoz the society is not form for the profit purpose

PLEASE HELP

Sir I have taken the loan of Rs. 10 lakhs for investing in the shares and paid interest on such loan and at the year end i have sold such shares and have a a capital gain .i want to know whether i can claim the deduction of interest on loan.give answer with neccessary referrence to income tax act,1961


Note: I have only income from capital gains

One of our client has neither deducted nor paid any TDS during Accountig Year 2006-07.He has deducted all TDS for the Acct. Yr. 2006-07 and paid to the credit of Central Govt. of India on 30.11.2007.Now I want to know that how the TDS Return for the Acct. Yr. can be filed at present?

Sir,
ABC co is a real estate co. and it made a shopping malls in which there are so many shops which are sold to parties and this co also provide facility like electricty, cleaning, etc.
now when all the shops are sold after that shopkeeprs asked for Glow board(Like sign bord or name of the shops) for all shops and these boards were purhased by ABC co from a supplier that supplier supplies borad of different size and shape for all the shops..
now ABC have to pay that supplier and take mony from all the shops....
now whwn supplier send bill for same it charged VAT due to which ABC is not charging TDS on same as they are saying that it is supply of material...

Question is does ABC have to charge TDS on that supplier bill as it is Job work or not.???

if the opening balance of the asseset(jewellery) is the closing balance for two years will there be any appreciation on the value of the jewellery while calculating the wealth tax

Hi to all my CA. friends

I want to confirm that an assessee who is running the business of playing and hiring of 7 trucks and earn more than rs. 3 crore in a year and on that amt. tds deducted by the service receivers. Is it possible not to take tax audit u/s 44AB of IT act, 1961 as receipt are more than rs. 3 crores

what is the definition of contractor as per tds law.

Dear Sir,

One of my cleient(Individual) having more than one FD with Scheduled Bank and which are yielding interst for Rs 5500, Rs 6800 and RS 8900 .

In this situation, Banker tryed to deduct tax at source for Interest amount to Rs 8900.

He don't have any other source of income ,what are the remedied available to him . Is submission of Form No 15 H enough or not?

An assesee who settle his housing loan and paid final settlement alongwith interest in previous year, then what he can claim full amount of settlement which is more than one lac for taking deduction u/s sec 80C

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